Peru : Country Program Evaluation
for the World Bank Group, 2003-09

Abstract:

Since 2003, Peru has emerged as an open,
rapidly growing economy. Over the review period of 2003-09,
successive governments adopted policy platforms aimed at
maintaining macroeconomic stability, furthering the private
sector supply response, broadening participation in growth,
improving social service delivery, and strengthening public
institutions. The World Bank Group (WBG) supported each of
the three pillars of the government's poverty reduction
strategy, namely: (i) broad-based economic growth that
engaged a higher share of the population; (ii) enhanced
human development through improved social service delivery;
and (iii) strengthened public sector institutions.
Independent Evaluation Group (IEG) recommends that the WBG:
(i) tailor its strategy to support long-term integration of
Peru's three distinct regions; (ii) seek opportunities
to support large-scale infrastructure development; (iii)
develop a more strategic approach to helping improve public
sector management; (iv) seek further innovations in
International Bank for Reconstruction and Development
(IBRD's) instruments against a backdrop of declining
demand for its financial resources; (v) seek to help develop
a strategic planning function in Peru; (vi) build a close
strategic partnership with development partners that
provides concessional finance in the social sectors to
optimize synergies with IBRD policy lending and analytic and
advisory activities; (vii) develop a strategic focus for
International Finance Corporation (IFC) around employment-
generating industries in emerging sectors; (viii) maintain
IFC's additionality by supporting lower-tier and more
regionally dispersed private companies; and (ix) leverage
the strong country presence of IBRD and IFC to enhance
Multilateral Investment Guarantee Agency's
(MIGA's) marketing and risk assessment functions.